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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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4 S Main St , Solon, ME 04979
$349,900
Est. Payment: $777.56/mo
0 Bed
0 Bath
15206 Sqft
Status: Active Under Contract | Days on site: 127
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3629 - 020290,023558
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House Description

Cash cow! This multiple six figure yearly net income and fully functional business is for sale as a package. The iconic Solon Hotel is unlike any other piece of history in the area and has a rich history dating back to the late 1800's. This gem located in the heart of Solon is a jack of all trades considering the many investment opportunities it offers! This one of a kind property was renovated in 2022 and brought back to life: New metal roof on the main building; all new windows throughout; fully painted; new electrical in first floor, basement and exterior; all new interior on the first floor including insulation, sheetrock, doors, flooring, lighting, new bar built for 24 stools with dual bartender workstations, tap beer system, and custom tables and chairs; and the event hall features plenty of space for live music, dancing, parties, gatherings, and receptions. The second, third, and fourth stories are packed with potential. Bring it back to being a hotel, apartments, Airbnb, or any other envisions you have. The opportunities are endless and potential is unmatched, especially at this price. Find year round traffic from locals, travelers, and tens of thousands of outdoor enthusiasts that use the ITS trail system just a stone's throw away. Enjoy white water rafting down the Kennebec, enjoy scenic views, and embrace all Northern Maine has to offer. Under 3 ½ hours to Boston, less than 2 hours to Portland and only 45 Minutes to Waterville, this location allows for seamless and convenient ownership no matter where you are traveling from!

Highlights

Listed by Corey Lee , 207-314-8443 and Alonzo Michaud , 207-248-7409 Real Broker , 207-272-3954.

Property Type

Commercial Sale

Lot/Acreage
1

Year Built

1895

County

Somerset

Listing ID

1657730

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Heat Pump
Fireplaces:
Floor:Carpet,Laminate,Wood
Basement:Full,Unfinished
Water:Public

Exterior Features

Lot:Downtown,Rural
Zoning:Commercial
Roof:Metal
Sewer:Private Sewer
Parking Features:21+ Spaces,On Site
Principal Interest
$778
Taxes
$223

Home Price

$349,900

Loan Details

30 yrs
%

Down Payment

20%
$69,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$777.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $777.56 $223.06 $0.00 $1,000.62
Yearly $9,330.67 $2,676.74 $0.00 $12,007.40
Total $279,920.00 $80,302.05 $0.00 $360,222.05

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Solon, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.